Life Style

About You is targeting an IPO with a valuation of € 4 billion

Otto The group’s IPO for fashion retailers, with a corporate value of around € 4 billion, was announced on Tuesday.Stock trading begins Next weekly.

about you

About You is a business that sells new and existing shares with a minimum of € 600 million and a maximum of € 914 million, with a price range of € 21 to € 26 per share.

About You shareholders include not only Otto, but best seller Owner Anders Hoch Povlsen and his family.

The proceeds from the private placement will be invested in the international expansion of About You and the enhancement of the B2B technology platform. The platform offers Shopify-style services to other retailers and reflects the recent transition to such services with many major names.

The company is listed on the Frankfurt Stock Exchange as the European lockdown easing is expected to boost sales of events and partywear that the webstore specializes in.

About You We had a tough time during the pandemic lockdown, as the outing category dominates the offer. However, as a result of fine-tuning the lineup, revenue increased by 57% to € 1.17 billion in the year to February.

We are competing with famous companies such as. The Land There are ASOS and a web store, but for B2B website operations, the UK’s Next Hut group It is growing rapidly.

Copyright © 2021 FashionNetwork.com All rights reserved.

About You is targeting an IPO with a valuation of € 4 billion

Source link About You is targeting an IPO with a valuation of € 4 billion

Back to top button